Why JUNO can be good for low balances

Is your KiwiSaver balance under $5k?

If you’ve got a low KiwiSaver balance of under $5,000, or a zero balance, JUNO offers some great benefits.

You may have a low balance if you’ve recently withdrawn some of your KiwiSaver money for your first home or for retirement. Or maybe you're new to KiwiSaver and have just signed up. Either way, JUNO can give you a good head start in growing your KiwiSaver balance with ZERO fees!

Grow your KiwiSaver balance with ZERO fees

We know fees eat into your KiwiSaver balance, and this has a bigger effect if you don’t have much in your account to start with. There’s not only a financial effect – watching fees chip away at a small balance can be very discouraging. If you're just starting out with an investment habit, it could even make you decide to give up.

If you’ve just taken out all your money for your first home, having no fees on your new, lower balance can give you a head start and get you back on track for saving for that retirement.

At JUNO, we want New Zealanders to form good investment habits. So, we don’t charge any fees on balances under NZ$5,000 – it’s our commitment to helping everyday Kiwis create a better financial future through KiwiSaver. There are also no fees if you’re aged under 18!

What happens when my balance is over $5k?

At JUNO, our goal is simple. We want to save you more money for your first home and retirement by charging low fees.

Once your balance is over $5,000 (so, between $5,000 and $24,999), we will charge one fixed, low monthly fee of $5 per month.

You'll pay less with JUNO

Enter your KiwiSaver balance

Please enter a value between $1000 and $500,000

JUNO Fees

Industry Average

Balance above $200,000?
Industry Average JUNO FeesKiwiSaver balance

Growth

Balanced

Conservative

This shows you the difference our low fees make to a range of balances in just one year. Investing for your retirement takes a lot longer, so imagine how big that fee difference becomes over 20, 30, 40 years or even longer. Plus, what’s not taken out of your balance in fees, stays in your retirement pot, reinvested month after month, year after year. The difference becomes even larger. If you want to know more about the magic of compounding, click here.

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Inflation

Inflation measures the expected change over time, of the price of goods and services you want to buy.

A 2% inflation rate, like we use in this calculator, means something costing $100 today is expected to cost $102 next year, just over $104 the following year and so on.

It matters because if the cost of what you want to buy grows faster than your investment, the ‘purchasing power’ of your investment is shrinking. You want the ‘purchasing power’ of your money to at least keep pace with, and ideally beat, the rate of inflation.

Why does JUNO have low fees?

At JUNO, we think too many KiwiSaver providers are overcharging members in fees, which is unfair.We want to help you save more money towards your first home deposit by charging low, fixed monthly fees.

You might be shocked to learn how much of your KiwiSaver money is actually being eaten away by provider fees.We’re transparent, honest, and keep it simple and easy to understand.

Their Fees

A typical KiwiSaver provider charges you an administration fee, a management fee and some even charge a performance fee too! If your KiwiSaver balance is $20,000, then the average fee is $259.29 a year*.

Our Fees

Are based on a monthly subscription, think Netflix and Spotify. We only charge you one, low, fixed monthly fee based on your balance.

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Pricing FAQs

Why do fees differ between KiwiSaver providers?

Fees always reduce your return, so there must be a good reason to pay higher fees. The best reason is that you’re regularly getting great returns. But you might also be happy to pay higher fees because you’re getting top service.

It’s important to find out what you’re paying and understand why you’re paying the fees you’re paying. It might be completely fair, or you may be getting ripped off!

Can I switch my existing KiwiSaver account to JUNO?

Yes. Switching to JUNO is an easy online process and should only take a couple of minutes.

Once you’ve completed the online application, we manage the process of transferring your KiwiSaver balance across to JUNO. This can take up to 35 days.

Make sure you know your IRD number and have a photo ID handy, such as your passport or driver’s licence.

How safe is my money with JUNO?

Your KiwiSaver investment will be looked after by experienced and qualified fund managers at Pie Funds Management. We’re a registered KiwiSaver provider helping to protect your savings and working hard to grow them.

However, the money is not physically at Pie Funds. It’s held by a custodian who makes the investments on instruction from Pie Funds.

Do I pay less if my balance decreases?

Yes, our fee structure means this can happen. Your fees are based on your balance and if it moves down – or, hopefully, up – enough, you’ll pay a lower or higher fee, if you enter a new fee range.

However, whatever your balance, the fee is low relative to that balance and low compared to what other KiwiSaver providers charge for the same balance.

Pie Funds Management Limited is the issuer of the JUNO KiwiSaver Scheme. You can read our Product Disclosure Statement here. This article is general in nature only and has not taken into account any particular person’s objectives or circumstances. We recommend you speak with a financial adviser. All content is correct at time of publication date.

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Pie Funds Management Limited (Pie Funds) is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for the Product Disclosure Statement. Before investing, we recommend you obtain personalised financial advice. Past performance is not an indicator for future returns.